Bellway plc Given New GBX 1,552.60 Price Target at Barclays (BWY)
Analysts at Barclays boosted their price objective on shares of Bellway plc (LON:BWY) from GBX 1,498.10 ($24.62) to GBX 1,552.60 ($25.52) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “underweight” rating on the stock. Barclays’ price target indicates a potential upside of 2.28% from the stock’s previous close.
Bellway plc (LON:BWY) traded down 0.85% on Tuesday, hitting GBX 1518.00. The stock had a trading volume of 276,375 shares. Bellway plc has a 1-year low of GBX 1104.37 and a 1-year high of GBX 1659.00. The stock has a 50-day moving average of GBX 1567. and a 200-day moving average of GBX 1452.. The company’s market cap is £1.849 billion.
A number of other firms have also recently commented on BWY. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Bellway plc in a research note to investors on Monday. They now have a GBX 1,690 ($27.77) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note to investors on Friday. They now have a GBX 1,592 ($26.16) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Bellway plc from GBX 1,954 ($32.11) to GBX 2,085 ($34.26) in a research note to investors on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,657.11 ($27.23).
Bellway p.l.c. is a holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
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